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Manufacturing Drilling Bit Localized

Source: www.gulfoilandgas.com 12/7/2016, Location: Asia

Deputy Engineering, Research & Technology at Petroleum Ministry announced, with association of knowledge-based companies, technical know-how of manufacturing drilling bit has localized.

Commenting on opening ceremony of Khouzestan Oil Exhibition, Mohammad Reza Moghaddam said,with association of knowledge-based companies and direct support of Petroleum Ministry , we managed to manufacture drilling bit in Iran .

“In terms of manufacturing in-hole and wellhead pumps, we are now in pretty good conditions and near a full self-sufficiency,” he added.

Referring to startup of goods’ integrated procurement system, Moghadam added, up to this time 3000 domestic suppliers have been identified and registered in the system.

“During times of economic sanctions, crude oil output was 800,000 barrels per day, exports rate has now reached to 2.4 million barrels per day. This achievement has undoubtedly been made through tireless efforts of personnel of NISOC, a company which plays a key role in crude oil output,” he concluded.

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